On the evening of April 24th and 26th, Trina Solar released its annual report for 2022 and first quarter report for 2023, achieving new highs in performance.
In the entire year of 2022, Trina Solar's operating revenue reached 85052 million yuan, a year-on-year increase of 91.21%. Its main business fully blossomed, and photovoltaic products, systems, and intelligent energy all achieved sustained growth. Among them, the annual shipment volume of photovoltaic modules in 2022 reached 43.09GW. As of the end of March 2023, Trina Solar's cumulative shipment volume exceeded 140GW, with 210 components shipped exceeding 65GW, ranking first in the world.
Accumulated shipment of components: 140GW+, 210 components: 65GW+
In 2022, annual shipment of Trina photovoltaic modules was 43.09GW, and as of the first quarter of this year, the cumulative shipment of photovoltaic modules exceeded 140GW. According to statistics from Jibang Consulting, as of the first quarter of this year, the cumulative shipment volume of industry 210 components exceeded 120GW, while during the same period, the cumulative shipment volume of Trina Solar 210 components has exceeded 65GW, ranking first in the world and with a market share of over 50%.
The industry-leading shipment volume stems from excellent product value. Based on the advanced 210 product technology platform, the Trina Solar Supreme series of components have the core advantages of high power, high efficiency, high reliability, high power generation, and low electricity cost, which are highly sought after by global customers. Represented by the Supreme 670W component, 600W+high-power components have led the industry into the PV6.0 era, and 600W+components are popular worldwide, achieving full scene and global applications. Relying on the leading 210 product technology platform and advanced N-type i-TOPCon technology, Trina Solar has formed an N-type full scene solution, fully meeting customer needs in large ground power plants, industrial and commercial, household and other scenarios, accelerating and leading the industry into the N-type era.
The component production capacity reaches 95GW, accelerating the entry into the N-type era
Entering the first year of N-type industrialization, Trina Solar has started the acceleration of N-type expansion, laying a solid foundation for worry free delivery. From December 2022 to March this year, Trina Solar's N-type i-TOPCon batteries, modules, and single crystal silicon rods were successfully launched in bases such as Suqian, Changzhou, Huai'an, and Qinghai.
It is expected that by the end of 2023, the production capacity of battery cells will reach 75GW, of which the production capacity of N-type battery cells is expected to exceed 40GW and the production capacity of components can reach 95GW.
Innovative achievements benefit customers, and technological innovation leads the industry
Trina Solar is steadily advancing on the path of innovation, with 173 new patents obtained in 2022 and a total of 1159 patents obtained. The number of effective invention patents continues to be a leading position in China's photovoltaic industry. Since 2011, Trina Solar has broken the world records for crystal silicon battery efficiency and module power 25 times. In 2022, Trina Solar successively set world records for the efficiency of N-type single crystal i-TOPCon batteries and module window efficiency, as well as records for the efficiency of P-type single crystal PERC batteries.
Trina Solar focuses on both the advancement of mass production technology and the research of cutting-edge technologies, with the mass production efficiency of N-type i-TOPCon batteries reaching 25.3% and the laboratory efficiency of perovskite crystalline silicon stacked batteries reaching 29.2%. Continuous technological innovation maintains the leading performance of mass-produced products, enabling high-value products to benefit the entire photovoltaic industry, while fully preparing for the next generation of technology and continuing to lead.
Focusing on user value and empowering global zero carbon transformation
Trina Solar focuses on sustainable development and continues to practice the low-carbon path. It not only produces clean electricity through photovoltaic modules, but also focuses on making the production process greener and low-carbon. In 2022, Trina Solar's entire series of 210 supreme components obtained LCA lifecycle assessment certification, achieving low-carbon management throughout the entire lifecycle; At the same time, Trina Solar's entire series of 210 premium components have obtained product carbon footprint certification, leading the industry in terms of product carbon footprint performance. In April of this year, Trina Solar Yiwu Base obtained the 2022 Zero Carbon Factory Certificate, becoming the first "Zero Carbon Factory" certified by an authoritative institution in the photovoltaic industry.
Continuously recognized by global authoritative institutions
Trina Solar has demonstrated excellent comprehensive strength and is highly trusted by domestic and foreign financial markets, authoritative third-party institutions, and the photovoltaic industry. As of 2022, Trina Solar has been awarded 100% financing capability by Bloomberg New Energy Finance (BNEF) for seven consecutive years, has been awarded the RETC "Comprehensive Best Performance" award for three consecutive years, and has been honored as the "Best Performance" component manufacturer of the PVEL photovoltaic module reliability scorecard for eight consecutive years. As of March 2023, Trina Solar has been awarded the AAA rating for PV ModuleTech component financiability for four consecutive quarters.
Since its 25th anniversary, Trina Solar has accumulated over 140GW of global shipments and operates in over 150 countries and regions worldwide. In the future, Trina Solar will continue to fulfill its mission of "benefiting all humanity with solar energy", leading the industry's development and contributing to global energy conservation, emission reduction, and sustainable development.
